user100000

General overview (weekly)

Long
BTCCHINA:BTCCNY   None
In Elliott Wave Theory, wave three in general are longer and cover more distance than wave one. Using my desktop calculator I measured the length of wave I and add it to the end of wave II to find the wave III minimum target. This give us a CNY 487,508. So, the market needs to at the least reach a minimum target of CNY 487,508 for the cycle wave III to complete (see blue dashed line) sometime by late 2017 according to my cycles work.



___
e^((ln(7588.88)-ln(14.01))+ln(900))
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.